Chapman Retires From Knight Ridder
MIAMI (AP) _ Knight Ridder’s former chairman, Alvah Chapman, is retiring from the company’s board of directors after four decades in the newspaper business.
Chapman, 78, told the board Monday night he won’t seek re-election to the board when his three-year term ends in April.
``It’s been 10 years since I’ve been an active officer in the company,″ said Chapman, who stepped down as chairman in October 1989. ``I’ll be 79 years old in March, and I think it’s inappropriate to serve on a board of a company of this type when I’m in my 80s.″
The San Jose, Calif.-based company is the nation’s second-largest newspaper publisher with 31 daily newspapers.
Chapman came to Miami in 1960 to work for Knight Newspapers, which then had five newspapers in four cities. He helped take the company public in 1969 and was the leading force behind the 1974 merger that created Knight Ridder in Miami. He became chief executive in 1976 and chairman in 1982.
Chapman plans to maintain his office in Knight Ridder’s Miami Herald building and continue his involvement in civic activities.
``This community has been good to me,″ Chapman said.